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Victoria at Orange Park Apartments sold for $37.1 million

The seller bought it in 2015 for $20.5 million.

Victoria at Orange Park LLC, a subsidiary of Tampa-based American Landmark LLC, sold the Victoria at Orange Park Apartments on March 27 for $37.1 million to Los Angeles-based Broadshore Capital Partners LLC, an investment venture.

Broadshore invests in multifamily workforce housing, with more than 11,000 units across the United States.

American Landmark LLC is led by President and CEO Joseph Lubeck.

The community, at 1710 Wells Road in Orange Park, was built in 1986 on 19.98 acres. Landmark paid $20.5 million for the property in September 2015. The sale is an almost 81% gain in almost four years.

The community comprises one- and two-bedroom units ranging in size from 600 to 1,138 square feet.